Wednesday 3 December 2014

BBC News - Why is Saudi Arabia using oil as a weapon?

BBC News - Why is Saudi Arabia using oil as a weapon?:



"A recent meeting in Vienna, between the member states of Opec finally uncovered what the world had expected for months.



Saudi Arabia is playing politics with oil, forcing Opec to maintain its current production levels at 30m barrels per day, to force down the price.



Consequently oil prices have fallen 35% in 2014, tipping under the $70 mark for the first time since May 2010."



'via Blog this'

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